Subscribe RSS
Investing your political capital rather than revealing your rupees
Only a handful of India’s political provide details of donations they receive to the Election Commission.
Of the 920 registered parties, only 21 have so far submitted such information… According to a 2003 amendment to the election rules, all parties should provide their financial information.
But, as the rule is not enforceable, parties ignore it and the commission is unable to take any action. At the moment, it is only a moral obligation on the part of a political party to reveal its funding.
Many parties shy away from furnishing an audit of their account as they use the money collected to buy stocks or jewellery, commission officials say. [Link]
